Last checked at 5 Mar 2020 07:00
5 March 2020
Pressure Technologies plc
("Pressure Technologies")
Result of AGM
At the Annual General Meeting of Pressure Technologies (AIM: PRES), held yesterday at 16.15 hours, all the resolutions proposed were duly passed. Details of the proxy voting are given below.
Result of proxy votes
Resolution | Votes For | Votes Against | Votes Withheld |
1. To approve the annual report and accounts | 10,068,345 | 2,000 | 0 |
2. To approve the annual report on Directors' remuneration | 9,484,545 | 573,300 | 12,500 |
3. To confirm the appointment of Sir Roy Gardner as a Director | 9,964,345 | 2,000 | 104,000 |
4. To confirm the appointment of Tim Cooper as a Director | 9,964,345 | 2,000 | 104,000 |
5. To reappoint the auditors | 9,960,220 | 7,000 | 103,125 |
6. To authorise the Directors to determine the auditor's remuneration | 10,067,345 | 3,000 | 0 |
7. To authorise the allotment of shares | 9,512,095 | 558,250 | 0 |
8. To authorise the Company to purchase its own shares | 9,928,306 | 135,039 | 7,000 |
9. To waive pre-emption rights | 9,353,906 | 709,439 | 7,000 |
Notes
1. Any proxy appointments, which gave discretion to the Chairman have been included in the 'for' votes total.
2. At the date of the notice of the AGM the total number of shares in issue was 18,595,165.
For further information, please contact:
Pressure Technologies plc |
|
Chris Walters, Chief Executive | Tel: 0114 257 3616 |
Joanna Allen, Chief Financial Officer | pressuretech@investor-focus.co.uk |
N+1 Singer (Nomad and Broker) |
Tel: 0207 496 3000 |
Mark Taylor / Lauren Kettle
|
|
IFC Advisory Ltd (Financial PR and IR) | Tel: 0203 934 6630 |
Graham Herring / Tim Metcalfe / Zach Cohen |
|
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.
The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.
Precision Machined Components (PMC) - www.pt-pmc.com
● Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany.